Lowe's Companies (NYSE:LOW) Stock Rating Upgraded by KeyCorp

Lowe's Companies (NYSE:LOW - Get Free Report) was upgraded by KeyCorp from a "sector weight" rating to an "overweight" rating in a research note issued on Friday,Benzinga reports. The firm presently has a $266.00 price objective on the home improvement retailer's stock. KeyCorp's target price would indicate a potential upside of 19.65% from the stock's previous close.

A number of other analysts also recently issued reports on the company. Piper Sandler cut their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Mizuho dropped their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, Royal Bank of Canada lowered their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and an average price target of $278.21.

Lowe's Companies Stock Up 2.1 %

Lowe's Companies stock opened at $222.31 on Friday. Lowe's Companies has a twelve month low of $206.39 and a twelve month high of $287.01. The business has a fifty day moving average of $229.89 and a two-hundred day moving average of $251.33. The firm has a market cap of $124.43 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Equities analysts expect that Lowe's Companies will post 11.9 earnings per share for the current year.

Institutional Trading of Lowe's Companies

Several large investors have recently made changes to their positions in LOW. IFS Advisors LLC bought a new stake in Lowe's Companies in the 4th quarter worth about $25,000. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in Lowe's Companies in the 4th quarter worth approximately $31,000. Winch Advisory Services LLC increased its stake in Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares during the last quarter. Finally, Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies during the fourth quarter valued at approximately $33,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.